Top News:

Source: Gawker attracted only two formal takeover bids, from Ziff Davis and Univision; if outbid by Univision, Ziff Davis is entitled to a $2.47M breakup fee — Gawker Media, driven into bankruptcy in June after losing an invasion-of-privacy lawsuit to Hulk Hogan, has attracted formal takeover offers …
Discussion:
Mediaite, FishbowlNY, Fast Company, @ahess247 and The Drum
RELATED:


An FAQ guide to Gawker Media's auction on Tuesday and the bidding process — Questions and answers — and the reason Gawker is like Lehman Brothers and GM. — Sometime in the next day or so, we should know who's going to buy Gawker Media: Bids for the bankrupt blog pioneer are due by 5 pm ET today …


Peter Thiel says he will support Hogan “until his final victory”, advocates a “Gawker bill” that would criminalize profiting from explicit private images — Last month, I spoke at the Republican National Convention in Cleveland because I believe our country is on the wrong track …
Discussion:
Recode, BuzzFeed, Reuters, Forbes, @mattyglesias, @profcarroll, Fortune, Politico, @dangillmor, TechCrunch, @nytimes, @glennf, @jonathanshainin, @ashleyfeinberg, @jonlovett, @joshtpm, @nytimes, @mccannsportslaw, The Hill, @greghoward88, @nytopinion, @edmundlee, @jonathanmahler, @mattdpearce, @toure, @hamiltonnolan, @max_read, @shani_o, @anildash, @max_read, @jamesrbuk, @mathewi, @samfbiddle, @annadubenko, @mathewi, @annamerlan, @justinjm1, @tomkrazit, Guardian, Mediaite, LawNewz, The Wrap, The Huffington Post, Globe and Mail, CNNMoney, Fast Company, Talking Points Memo, Business Insider and New York Times, Thanks:@taylorbuley
RELATED:


Peter Thiel's NYT op-ed is full of contradictions and distortions; writer of the original Gawker story says the site did not out him as gay at all — On the eve of Gawker Media's sale to ... somebody, the author of its bankruptcy, Facebook billionaire Peter Thiel, was graciously given op-ed space …
Discussion:
@perrych, @colvinius, @pennyred, @bafeldman, Fortune and USA Today


Larry Wilmore's “Nightly” show, Comedy Central's replacement for The Colbert Report, cancelled as network says it hasn't resonated with audiences — In the midst of a wild and unpredictable presidential campaign, Comedy Central is upending its late-night lineup and canceling Larry Wilmore's show.
Discussion:
Hollywood Reporter, Deadline, Variety, Mediaite, @roryalbanese, Washington Post, TVNewser, @daveweigel, NPR, Variety, Ad Age, Screen Rant, /Film, The New York Observer, Newser, Wall Street Journal, Jezebel, Forbes, TVLine, Vanity Fair, IndieWire, Adweek, The Wrap, The Week, @questlove, @brianstelter, The Comic's Comic, Talking Points Memo, @mattzollerseitz, @variety, @graceparra360, @ditzkoff, @rickyvelez, @joanwalsh, @davidlsims, Broadcasting & Cable, The FADER and @bristei


In bid to sign up new Prime subscribers, Amazon distributes pilot episodes from Amazon Video's original series on Facebook and YouTube — Amazon this morning announced that, for the first time ever, it will begin distributing its Original Series from Amazon Video to social media sites, including Facebook and YouTube.
Discussion:
Broadcasting & Cable and Variety


Profile of Bill Shine, newly appointed Fox News co-president and longtime Fox loyalist, who for years was known as Roger Ailes' right-hand man — Bill Shine, the newly appointed co-president of Fox News, commutes two hours every morning from Long Island to Midtown Manhattan …
Discussion:
The Wrap, @nytimesbusiness, @oliverdarcy, @mlcalderone, @gabrielsherman, @greta, @grynbaum, @matthaber, @ennisnyt, @melbournecoal, Reynolds Center and Washington Post


The Wall Street Journal is making its paywall more flexible, with 24-hour guest passes for non-subscribers and expanded social sharing — The Wall Street Journal's proposition has, for many years, been clear: Pay for our journalism, including online. — Many do: The Journal recently hit …
Discussion:
FishbowlNY and Techdirt


Joe Brown, executive editor of Wired, will take over as editor in chief of Popular Science; he's the magazine's fourth editor in four years — He's the magazine's fourth editor in chief in four years. — Popular Science has had three editors in four years.
Discussion:
@reckless, @davegershgorn, @popsci, @katiedrumm, @joemfbrown, @mmoyr, Media Wire Daily and FishbowlNY


More than 100 news outlets are now routinely fact-checking politicians' statements , up more than 50% in the past year — Political reporters are showing that fact-checking isn't just for fact-checkers. — After Donald Trump declared repeatedly last week that President Obama and Hillary Clinton …
Discussion:
@poynter, @gravesmatter, @porter_anderson and WCDC-TV


As his fifth anniversary as Apple CEO approaches, Tim Cook reflects on his tenure and Apple's future: mistakes, progress made, acquisitions, services, content — Apple's CEO talks iPhones, AI, privacy, civil rights, missteps, China, taxes, Steve Jobs — and steers right past the car rumors
Discussion:
Forbes, Fast Company, Reuters, Mashable, @padmasree, @sarahhalzack, Business Insider, Vanity Fair, The Hill, Memex 1.1, Variety, TIME, CNNMoney, Fortune, VentureBeat, @b_fung, @quentin_lib, @kylemccown, @ow, @tmfhousel, @reformedbroker, @ericgeller, @bbcrorycj, @marfgilbert, @tim, Engadget, AppAdvice.com Latest, The Loop, The Verge, MAC blog, AppleInsider, 9to5Mac, Recode and Peter O'Kelly's Reality Check


As Arianna Huffington steps down, the website she founded is an outmoded portal with lagging traffic — The Huffington Post was breezily dismissed as Arianna Huffington's vanity play when it launched in 2005. But it proved doubters wrong by building a massive online audience …
Discussion:
@digiday, @ericfranchi, @howardkurtz, @benmullin, @bnox, @lmoses, @digiday, @jamiemottram, @om, @fredpfaff, @rosskimbarovsky and @jeremymbarr